Senior Lead Compliance Manager

THE COMPANY:

Our client is an international investment advisor, with around $7 trillion in global assets under management.

THE RESPONSIBILITIES:

• Holds regulated Compliance roles and provides appropriate oversight of the regulated activities of the German business, working with the appropriate crew to provide comprehensive oversight and guidance in respect of the activities carried out by the Firm to ensure that it operates within its regulatory permissions.
• Ability to thrive in a fast paced environment, foster and maintain effective working relationships with a diverse group, and a commitment to diversity.
• Hires, evaluates, and supervises crew. Provides guidance and training as necessary to develop crew.
• Sets performance standards, reviews performance, and makes informed compensation decisions in accordance with all applicable Human Resources policies and procedures.
• Manages the Compliance function in Germany, responsible for managing crew including oversight of the recruitment, training and performance management of crew. Liaises with other internal functions and in particular work hand in hand with Legal and Europe OGC.
• Participates in development of departmental and project budgets. Ensures that Compliance department policies and procedures are designed, maintained, and are reviewed annually given the nature, scale and complexity of the German business.
• Oversees the activities undertaken on behalf of the German business by both internal and external service and outsourced providers, including the main software, administration, record keeping and reporting provider, cash banking partner and broker, as well as other ancillary support functions provided by members within the Business. Responsible for performing on-site visits of relevant delegates.
• Establishes the day to day oversight framework for achieving compliance including (but not limited to) – monitoring and communication of regulatory developments, the provision of crew induction and ongoing compliance training; management support and guidance on regulatory requirements; breaches and complaints management process; marketing and sales activities; roles and responsibilities for local market compliance. Reviews and maintains the regulated firm/fund fitness and propriety registration and compliance registers such as conflicts and restricted information. Assists the business in the creation of a monitoring and oversight framework that allows them to receive the information necessary to carry out their role as designated person.
• Provides regulatory guidance and appropriate oversight in respect of all aspects of the German business.
• Scope includes ability to act as the German Money Laundering Reporting Officer (MLRO). While not the primary contact for all financial crime-related matters as they relate to the German business, oversee and support the local MLRO/Anti-Financial Crime function in its support of the anti-financial crime framework, including the assessment and submission of Suspicious Activity Reports, as required.
• Oversees and directs the activities of the compliance monitoring team to ensure that the appropriate second line testing and monitoring of activities relating to the German business is undertaken in line with regulatory expectations.
• Monitors and oversight of compliance logs to ensure they are appropriately maintained, in respect of all aspects of the business, all of which should be available for inspection by the BaFin and Deutsche Bundesbank (and/or other regulators as required) on request.
• Acts as the primary compliance contact for the BaFin (and other regulators) and for related regulatory Reporting and other means, ensuring that all regulatory returns are made completely, accurately and on a timely basis, liaising with all internal providers of such reporting and ensuring they are made aware and trained in their obligations.
• Provision of regular reporting to management bodies, including the executive board of the German business, and the European Risk Committee.
• Participates in special projects and performs other duties as assigned.

EXPERIENCE REQUIRED:

• German asset management and financial services experience within a compliance function in a financial service firm regulated by BaFin – ideally investment firm (MiFID); experience of anti-financial crime compliance preferable.
• Comprehensive knowledge of German and European financial services regulations essential, particularly the Investment Act (InvG), German Banking Act (KWG), other BaFin / EBA rules, and MiFID/MiFID II.
• Demonstrated ability to function in high volume/fast paced environment working with multiple and diverse responsibilities.
• Demonstrated planning and analysis skills.
• Excellent written and verbal communication skills in German and English, organizational skills, attention to detail and ability to work independently.
• Proficient in the use of core Microsoft Office packages such as Word and Excel.

For further information please contact Niall Grayston